VinFast Partners with YES BANK for Comprehensive EV Financing in India: Attractive Loans for VF 6, VF 7 Buyers

Vietnamese electric vehicle (EV) manufacturer VinFast and YES BANK have announced a strategic Memorandum of Understanding (MoU) to provide a comprehensive suite of financing solutions for both its dealers and customers in India. This key collaboration is designed to significantly reduce the barriers to EV ownership and accelerate the adoption of sustainable transportation in one of the world's fastest-growing EV markets.

The partnership comes shortly after VinFast launched its premium electric SUV's, the VF 6 and VF 7, and inaugurated its EV assembly plant in Tamil Nadu, marking a major milestone in its long-term growth strategy in the country.

Easy EV Ownership: Benefits for Customers

Under the retail finance agreement, YES BANK will offer a range of benefits applicable across VinFast’s entire product portfolio, including the newly launched VF 6 and VF 7 models. This move is aimed at making the transition to electric mobility seamless and affordable for Indian consumers.

Key customer benefits include:

• 100% On-Road Funding : Eliminating the need for a substantial down payment.

• Attractive Interest Rates and Flexible Repayment Options.

• Exclusive Offers and Priority Services.

• On-Site Support : YES BANK representatives will be available at all VinFast showrooms to provide immediate, hassle-free loan assistance.

Strengthening the EV Ecosystem: Dealer Support

Beyond retail financing, the MoU also includes a robust dealer finance tie-up. YES BANK will extend financing to VinFast dealers on favorable terms, providing them with the necessary liquidity to manage inventory and ensure smoother operations as the company rapidly expands its distribution and dealership network across India.

Mr. Pham Sanh Chau, CEO of VinFast Asia, stated, “The shift to electric mobility succeeds when customers and dealers have the right tools and support. Our partnership with YES BANK is a step towards building that ecosystem, providing hassle-free financing solutions that make it easier for dealers to manage inventory and for customers to access our EVs.”

Driving Sustainable Mobility

The collaboration allows VinFast to leverage YES BANK’s extensive pan-India branch network and digital platforms to reach customers across both urban centers and emerging markets. For YES BANK, this partnership underscores its commitment to sustainability by offering credit solutions tailored to the premium EV segment.

Commenting on the collaboration, Mr. Sumit Bali, Country Head Retail Assets and Debt Management, YES BANK, said, “As EV adoption accelerates, access to financing will play a vital role in driving this transition. Our collaboration with VinFast will offer customers convenient credit solutions tailored to its premium EV lineup, reflecting the Bank’s broader commitment to sustainability.”

This strategic alliance is expected to be a significant catalyst, ensuring that financial accessibility does not hinder the widespread consumer adoption of VinFast's electric vehicle lineup in the growing Indian market.